Insider Selling: Old Republic International (NYSE:ORI) SVP Sells 13,330 Shares of Stock

Old Republic International Corporation (NYSE:ORI) SVP Carolyn Monroe sold 13,330 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $38.76, for a total value of $516,670.80. Following the transaction, the senior vice president owned 32,261 shares of the company’s stock, valued at approximately $1,250,436.36. This represents a 29.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Old Republic International Stock Up 1.0%

Shares of ORI traded up $0.41 on Thursday, reaching $39.21. The stock had a trading volume of 351,654 shares, compared to its average volume of 1,810,784. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $41.99. The firm has a market capitalization of $9.52 billion, a price-to-earnings ratio of 10.53 and a beta of 0.63. Old Republic International Corporation has a 12-month low of $35.60 and a 12-month high of $46.76.

Old Republic International (NYSE:ORI) last released its earnings results on Thursday, April 23rd. The insurance provider reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.11). The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.39 billion. Old Republic International had a return on equity of 15.71% and a net margin of 10.83%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.81 earnings per share. Sell-side analysts predict that Old Republic International Corporation will post 2.95 EPS for the current year.

Old Republic International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Monday, March 9th were paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Old Republic International’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, March 9th. Old Republic International’s dividend payout ratio is currently 33.78%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ORI shares. Weiss Ratings lowered shares of Old Republic International from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, March 27th. Raymond James Financial set a $44.00 price target on Old Republic International in a report on Monday, April 27th. Piper Sandler upped their price target on shares of Old Republic International from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Finally, Zacks Research cut shares of Old Republic International from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Old Republic International has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Institutional Trading of Old Republic International

Several large investors have recently bought and sold shares of the business. V Square Quantitative Management LLC acquired a new position in Old Republic International in the 4th quarter valued at about $26,000. Torren Management LLC purchased a new stake in shares of Old Republic International during the fourth quarter worth $27,000. Commonwealth Retirement Investments LLC acquired a new stake in Old Republic International in the 4th quarter valued at about $27,000. JPL Wealth Management LLC purchased a new position in Old Republic International in the third quarter worth approximately $27,000. Finally, Quest 10 Wealth Builders Inc. purchased a new stake in shares of Old Republic International during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Old Republic International Company Profile

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business. The General Insurance segment offers aviation, commercial auto, commercial multi-peril, commercial property, general liability, home and auto warranty, inland marine, travel accident, and workers' compensation insurance products; and financial indemnity products for specialty coverages, including errors and omissions, fidelity, directors and officers, and surety.